rabu 10 okt 2012

16:05   HEXA
Hitachi heavy equipment distributor Hexindo (HEXA IJ) recorded 294 units Sep sales, +79% MoM. Comment: HEXA targets 4,200 units sales for its FY12-13 fiscal year (Apr 12 – Mar 13). Apr – Sep 12 sales were 1,583 units. HEXA has to sell 2,617 units (436 units per months) for the next 6 months to achieve its FY target. We think that the FY target is aggressive given the current monthly average sales is 260 units.


16:00 BBRI : We use a DDM to value Indonesian bank stocks. Our target price for BBRI of
Rp8,250 uses a 2013E DPS of Rp149. We assume BBRI will maintain a 20%
payout ratio and 14.4% sustainable growth. Loan growth is expected to remain
below industry levels due to capacity issues. Our cost of equity assumption is
16.2%, based on a 6% inflation, 3.3% real rate, equity risk premium of 6% and a
beta of 1.15x (1-year historic). Citigroup


11:47  O-PF on CTRA (TP: Rp900/sh), and BUY on CTRS (TP: Rp2,500/sh).  CTRA now trades at 36% discount to our NAV of Rp1,061/sh, while CTRS at 57% discount to our NAV of Rp4,150/sh. CTRP trades at 27% discount to our NAV of Rp917/sh.
(clsa)


11:38  ASRI udah akuisisi Gedung Putra Kalimantan awal oct ini, nilainya sekitar 300 Milyar... nanti akan di rubuhin, untuk dibangun ulang sebanyak 38 lantai... ekspektasi penjualan 2T, mulai di jual tahun depan.

 Gedung PUTRA KALIMANTAN
Gatot subroto jak-sel, Luas tanah 9300m2, 10lantai. Harga 315.000.000.000 (SUDAH TERJUAL TGL 01-10-2012)


10:28   CS bikin AKRA 5300


 Hexa bagi deviden 0.0387$ / sekitar 370, CUM tgl 16 oct


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KZ on PGAS: Jayden reiterates his OPF call but raised TP to 4900 from 3900 as   selling pxs uncertainty resolved with distribution margin stable @ $4/mmbtu. Better than expected margins on West Java FSRU @ $3.4/mmbtu vs $2.5 & PLN underwriting costs of FSRU operations to maintain 14% IRR also supports his call.